Search Documents

By John J. Dran

[This paper summarizes the more popular mineral valuation techniques being used by the dining industry, and attempts to demonstrate how they are Interrelated and where some are in error when compared to modern methods of financial analysis. The academic community and the larger and more sophisticated raining companies, have largely rejected the older valuation methods such as the, Hoskold and Morkill concepts and replaced them with "discounted cash flow" (DCF) techniques. The relevancy and usefulness of the older methods have been questioned primarily on the basis of their underlying assumptions that mining companies do not have numerous alternative investments and must use sinking funds deposited at market or ?safe" rates of return to recover the purchase price of mineral reserves. The ability to reinvest In numerous (often non-mining} alternative business ventures, the changing purchasing power of the dollar, corporate income and other taxes, depreciation and depletion allowances, and modern financial management practice, all mitigate against the continued use of the older valuation methods, especially for the larger mining companies. Snail mining companies and Individuals still use these methods largely out of habit and familiarity. This paper attempts to point out the weaknesses and strengths of the valuation methods In current use in the hope that these techniques may be better understood and [rcrn] appropriately applied.]

Jan 1, 1973

By Douglas R. Cook

Our present and future needs for base and previous metals are not satisfied by the present rate of new viable discoveries. This deficiency can be met by increasing the number of competent exploration organizations and by doing a more effective job of prospecting. My principal purpose is to show that new discoveries can be increased by improving the use of exploration techniques in a concept-oriented exploration program. Exploration techniques are defined and classified. The effectiveness of many exploration groups can be improved by better definition of objectives and thorough planning of the exploration program. The role of objectives, planning, and the use of techniques are discussed within the scope of the exploration framework. Common pitfalls in the use of exploration data are identified such as: inconsistency of geologic measurements, negative use of data, indiscriminate use of geo-surveys, collection of irrelevant information, and the unrealistic desire for exploration panaceas. Suggestions for improving the use of techniques include the use of multiple-working hypotheses, improvements in the quality of exploration data, use of geology in the selection, planning and interpretation of geochemical and geophysical surveys, and the recognition of variables and limitations affecting the interpretation of exploration data. The critical role of geologic mapping by Federal and State agencies is mentioned for satisfying the continual exploration demand for better geologic maps and filling many gaps that currently exist. The importance of imaginative and qualified exploration personnel is discussed as well as the maximum utilization of their exploration creativity. The problem of integrating field studies, research and training at universities and research institutions is identified. The need for high-quality research in economic geology is emphasized especially the importance of reducing the steadily increasing gap between basic and applied research.

Jan 1, 1968

By P. R. Warner

This paper reviews the development of certain aspects of the electrical specifications of Anglo American?s suite of specifications for gearless mill drives (?GMDs?). These specifications are based on experiences in both Anglo American?s and others? operations, benchmarking against large hydro generators, the advice of industry and university experts, and continuous close co-operation with OEMs. To achieve a step change in availability additional final testing and electrical protection have been implemented, insulation requirements have been specified for machines to be operated at high altitude and clean area and access control systems have been developed.

Jan 1, 2012

By Douglas Tesarik, Mark K. Larson, Habte Abraham, Heather E. Lawson

Dynamic failures, or "bumps", remain an imperative safety concern in underground coal mining, despite significant advancements in engineering controls. While many factors have been empirically linked to the occurrence of dynamic failure events, identifying a consistent, repeatable set of criteria within a field setting has proven elusive; conditions generally associated with dynamic failure might produce an event at one site, but not another. Conversely and more troubling, dynamic failure could occur where relatively few of these factors exist. The presence of spatially discrete, stiff roof units, such as paleo channels, are one such feature that has been linked to the occurrence of dynamic failure events. However, an empirical stratigraphic review investigating the relative frequency of discrete units in bumping versus non-bumping deposits indicates that no significant difference exists based on this criterion alone, and that instead an apparent relationship exists between reportable bump history and the overall character of the host rock with respect to stiffness. Due to the complexity of the bump problem, however, these results are not conclusive, as they do not take into account any variable other than the presence or absence of stiff members in the roof lithology; To weight the relative impact of changes in a single variable, such as the thickness or location of sandstone members, it must be examined in isolation-i.e. in a setting where all other variables are held constant. Numerical modelling provides this setting, and the effects of variability in a stiff discrete member in a hypothetical longwall mining scenario are investigated within the context of three stratigraphic "types'', as determined by the ratio of stiff to compliant stratigraphic members; Compliant, Intermediate and Stiff A modelling experiment examines changes in rupture potential in stiff roof units for each stratigraphic type as discrete unit thickness and location are manipulated through a range of values. Results suggest that the stiff-to-compliant ratio of the host rock has an impact on the relative stress-inducing effects of discrete stiff members. In other words, it is necessary to consider both the thickness and the distance to the seam, within the context of the host rock, to accurately anticipate areas of elevated rupture induced hazard; acknowledging the presence of a discrete unit within the overburden in general terms is an insufficient indicator of risk. Through modelling of anticipated changes in the placement and dimensions of discrete units within their stratigraphic setting, elevated rupture-induced bump hazard can be anticipated on a case by case basis. Were similar modelling studies conducted at mine sites in tandem with tracking of problematic discrete stiff units, areas of elevated rupture risk could be anticipated in advance of mining. Developing this predictive capability beyond identifying rupture potential in discrete roof members is essential to the eventual elimination of dynamic failure related worker injuries and fatalities. As stress is a necessary component in the occurrence of dynamic failure events, this finding helps to refine our understanding of the role of individual stiff, strong roof members in bumping phenomena, and suggests that a more holistic view of overburden lithology, combined with site-specific numerical modelling, may be necessary to achieve greater miner safety.

Jan 1, 2016

By R. W. Smith

Living and killed organisms, particularly microorganisms, and extracellular products derived from the organisms are increasingly finding use in minerals engineering. Goals include both enhancement of mineral processing/11.ydrometallurgica,l operations and remediation of mineral industry wastes. Some of the applications, such as biologically assisted leaching of ?sulfide ores and bioxidation of refractory gold ores, are well established commercial ?processes used around the world. Others, such as the use. of organisms for the removal of heavy metal ions from dilute aqueous streams, are nearing commercial application. Many other uses of microorganisms and. their derivatives are potentially possible. These include use of microorganisms in flocculation or flotation of minerals., remediation of organics potentially discharged from mineral engineering operations, degradation of cyanide, the recovery of bitumen from heavy oil reservoirs and tar sands and the solubilisation of lignites and low rank coals. In order to fully exploit these many possible uses of organisms and their derivatives, extensive fundamental .and .applied research work exploring the fundamentals, potential and practicality of the various possible uses of microorganisms in mineral engineering should be vigorously pursued. ?

Jan 1, 1991

By R. M. Campoy

Mexico's mineral wealth has long been recognised and indeed has played a historically significant role on a world scale. The dynamics of the Mexican mineral industry have experienced a dramatic transformation especially over the last two decades. This transformation has mainly been instigated by the high growth rates and industrialisation of the Mexican economy since the 1960's. This paper focuses on the base metals sector of the industry which represents one of the major contributors to this transformation. The objective is to present a brief base metals review and to discuss some recent occurrences which pertain to this sector of the industry. This is followed by a discussion of mining's relevance in the current economic situation in Mexico. With this overview as background, the investment climate, primarily from a domestic investor's perspective and secondly in terms of foreign investment, is discussed. Finally, some recent government initiatives, including tax and accounting changes, are outlined. Any one of the sections of this paper can easily be developed into an extensive and indepth analysis; however, the intention of this paper is to provide the reader with a broad overview of the topics discussed.

Jan 1, 1985

By F. H. Deily, D. S. Rowley, R. J. Howe

By G. E. McElroy

Ventilation-pressure surveys are required to determine the rates of pressure losses in various parts of mine-airway systems. These may be determined directly by differential pressure measurements or deduced from absolute pressure measurements, Despite the confusion caused by its inverted nonlinear scale, the altimeter has special application to pressure surveys in mines in which only small differences in elevation are involved, as is true for most of our large bituminous-coal mines in these, the judicious use of information obtained by pressure surveying can result in greatly improved working conditions as regards health and safety and, in many instances, can yield large financial returns. The main purposes of this report are to discuss methods of using altimeters for pressure surveys and to present the particular methods of making surveys and calculating the results of surveys used by the Mine Ventilation Section of the Bureau of Mines.

Jan 1, 1957

By Bruce C. Trent

In order to effectively model subsidence caused by underground openings, a two-dimensional computer code has been developed which couples near- and far-field response. The near-field is simulated by a discrete element block code and a finite difference code represents the continuum region in the far-field. The explicit equations allow rapid and inexpensive solutions to geometries which may lead to subsidence. Two sample problems are presented which illustrate the important features of the code.

Jan 1, 1979

By F. L. Thompson

MAN has been using lubricants of one type or another for at least four thousand years, and probably for a much longer period. We have learned from the inner wall of the tomb of Tehuti-Hetep, on which is a decoration illustrating the method of moving a great stone statue, that as early as 1650 B.C. lubricants were used to facilitate the movement of heavy loads. The Egyptians had available nearly every animal oil and fat, as well as at least thirteen vegetable oils, of our time, all used for food products and in the arts. Examination of the deposit on the axle of a chariot from an Egyptian tomb of 1400 B.C. showed it to consist of animal fat, quartz, sand, iron, and compounds of aluminium and lime-indicating a manufactured lime-soap grease made with lime-soap and possibly tallow. This would not be a bad lubricant for the axles of chariots which had to travel over sandy soil in hot weather. As to the method of grease application, it is remarkable that, from the time wheels were first used in the far distant past up to the present day, no one has ever thought it necessary to design a seal to keep the lubricant in and the dirt out. While time certainly marches on, we have today, in waggons throughout the world, exactly the same form of lubrication as was used in the earliest chariots. From the early days of the chariot until shortly before 1800 A.D. (when the steam engine was introduced), the main heavy equipment required for mining purposes, for machines of war, etc., was made of wood. The bearings were rough, but usually they had metal in the lower half. Light machinery was made of bronze, brass, or iron. Large clearances and poor alignment, plus the fact that speeds were much below present-day demands, combined to provide conditions that were quite satisfactorily met by the lubricants available. These were often produced locally by the machine operator. In northern countries, lard oil, prepared from the fat of hogs, was the universal lubricant employed in machine shop, as a belt and leather dressing, and for cutting operations. Sperm oils were used for light machinery, whereas beef and mutton tallow were more generally employed for the largest bearings. For the early steam cylinders, a slug of heated beef tallow was injected wherever the cylinders gruntingly complained of a lack of lubricant. Southern countries, however, resorted to the use of vegetable oils-olive, cocoanut, etc.

Jan 1, 1940

By Aline Tatom

This paper presents numerical and experimen¬tal results dealing with the application of ferric ion oxidation of uranium in acidic media. Conclusions are derived from matching numerical results to experimental data taken on one-dimensional laboratory leaches using ore from a South Texas Coastal plain deposit. Since the numerical results can be made quite general, we are able to extract and quantify the effects of oxidant concentration, flow velocity, mass transfer, chemical kinetics, and competitive oxidant consumers (pyrite and molybdenite) on the experimental results. Our results suggest that the leaching of uranium is a mass transfer controlled while that of pyrite is kinetically controlled.

Jan 1, 1981

By Barry James

Energy, like labour and materials, is one of the basic production inputs in the industrial minerals industry. This paper discusses the significance of the changing energy situation in Canada as it affects the industry. It is apparent that the importance of energy as a management concern has increased considerably since 1973. The importance placed on energy management today will undoubtedly be an important factor in determining company and industry sector strength and profitability tomorrow.

Jan 1, 1978

By Douglas W. Barr

Water is a necessary part of our environment. It is a biological necessity, but more than that, it is a necessary part of our life style. Those of us who live in the north woods expect water to be part of the scene. There are few natives of this region who would be content to eliminate the streams, the lakes, the marshes, or our forests. Throughout the world, water has been so much a part of man's environment and man's adaptation to life has been so closely tied to water that our way of life and ways of accomplishing our work include water as an essential tool. The production of taconite is an example of our dependence on water. Other methods could have been developed to process taconite ore but the process methods chosen utilize water. Water is used for grinding and separation and for trans- porting the ore from one part of the process to another and for dust control. A typical large plant producing 10 million tons of taconite pellets per year will have on the order of 130,000 gallons per minute (8.202 m 3/51 of water in circulation in the plant. About 120,000 gal. per min. (7.571 m 31s) will pass to tailing thickeners where 110,000 gal. per min. (6.940 m 31s) is separated from tailing and returned to the process. About 15,000 gal. per min. (.9464 m 31s) goes with thickened tailing to tailing basin. My point is that there are great volumes of water in motion in a taconite plant,

Jan 1, 1980

By A. B. Holland-Batt

Two graphical techniques which are commonly used to assess batch separations are analysed in terms of reaction kinetics to provide a more powerful method of evaluation. An alternative and more general approach, based on the selection and application of suitable efficiency criteria, is also presented. The method proposed distinguishes between selection and collection efficiency in flotation and can be used to estimate the degree of liberation in the feed. Two examples are given: table concentration of monazite and ilmenite from a beach sand, and flotation of a pyrite-haematite ore

Dec 1, 1971

By P. A. Hendricks

This U.S. Bureau of Mines (USBM) report identifies and evaluates factors responsible for metal/nonmetal (M/NM) underground mining accidents involving mobile equipment. Information regarding the occurrence and severity of the accidents, the type of equipment involved, the primary and contributing causes, and preventive measures is included. The goal of this report is to provide information that will aid mine operators and safety managers in the recognition of hazards associated with operating mobile mining equipment in an underground mining environment.

Jan 1, 1994

By E A. Gunn, J Zhou

In this paper a project to develop a joint optimisation/simulation model for production planning in a mine-mill complex is presented. The system involves a mill receiving ore from a number of different locations, each with a unique mineral composition. The mill consists of several crushing and grinding circuits that function in series and parallel. Scheduling the flow of materials through the mill is complex due to constraints on throughput imposed by the millÆs design, the length of time material can be stockpiled on the surface, varying input mineral composition, and throughput targets for a range of output products.An optimisation model is used to create a set of campaigns (ore feed rates) over a given planning horizon under the assumption of deterministic mill throughput. A simulation model is used to evaluate the production plan under assumptions of stochastic machine failure and operational losses created by the need to cycle between input feeds. Campaign scheduling has two important implications for the simulation. First, during any campaign, multiple ore types may need to flow through the mill. However, the mill must be controlled to ensure that only one type of ore can be in a crusher, a grinder or a storage bin at any point in time. Second, as the mill switches from one campaign to another, the set of ores being processed may differ. Thus, the flow of ore through the equipment during a campaign changeover must be controlled to ensure that one or more of the ores from the current campaign can be completely eliminated before the ores from the new campaign are introduced.The simulation architecture employed for this project is Visual Basic for Applications (VBA) combined with MS-Excel as a user interface. A fixed step discrete event orientation is assumed as the simulation framework. A set of model constructs was built for the project with a specific Canadian milling operation in mind, but was designed to be representative of a broad class of milling operations. The constructs are implemented as class objects within the VBA structure, each with a number of properties and methods. The collection of VBA objects forms a composable modelling toolkit. These objects can be linked together by users, via MS-Excel, to represent a broad range of milling operations.

Sep 26, 2011

By Stanford O. Grodd

The Sanford Lake district encompasses an area covering 24 square miles in the central Adirondack Mountains of northern New York State. Discovery of the titaniferous magnetite deposits dates back to 1826. Several attempts to exploit the ores for iron prior to 1942 proved uneconomical because of difficulties with the associated titanium, lack of transportation facilities, and the isolated location. Since 1942, the National Lead Company has produced ilmenite concentrates for the titanium pigment industry, and a magnetite by-product used in the steel and refractory industries. Rocks of the area are Precambrian in age and of igneous origin. The area has a history of erosion, deformation, and metamorphism, subsidence, and finally uplift and glaciation. The resulting topography is extremely rough with drainage patterns controlled by a combination of fault patterns and glacial modifications. The district is within the large anorthosite massif making up the central high peak area of the Adirondacks. All of the various lowsilica rock types associated with the massif are found within the boundaries of the district. These consist of both the Marcy and Whiteface types of anorthosite and of gabbroic anorthosite, gabbro, and different grades of titaniferous magnetite ores. All of the rocks contain the same minerals and differ only in their percentages of these consitituents. Gabbro, and ore associated with it, demonstrate flow structure as both have foliation and lineation. Anorthosite and its associated ores are massive and show very little primary structure. Minor pegmatites and diabase dikes provide evidence of remobilization in selected areas and of late intrusion as well. Faulting is prevalent and follows a regional pattern of major faults trending northeastsouthwest and of minor faults at nearly right angles to them. There are four mineralized areas where an economic grade of ore has been found. Three of these have both gabbroic-type ore and anorthositic-type ore. The fourth has only gabbroic ore. Ores are graded according to their TiO, content, and these range from 9.5 per cent to over 30.0 per cent TiO,. Ore bodies of both types are related to gabbro and conform to the configuration of the gabbro bodies within the anorthosite. At least three distinct theories of ore genesis have been expounded by different investigators. Others propose some variations of one or more of these. Although complete agreement probably never will be reached, it is certain that no one process of ore emplacement can explain the complicated picture as seen today. Further understanding of the ores and their origin will require detailed mapping, sampling, and mineralogical studies of the entire district, and then it may never be understood without qualification.

Jan 1, 1968

1994 estimates for Porgera are probable and proven reserves of 58 200 000 t of ore grading 5 g/t Au. Gold mineralisation is related to an intrusive complex emplaced at shallow levels in poorly consolidated sedimentary rocks. The complex is located in a zone of fold-and-thrust deformation, whose formation may have been initiated shortly before emplacement and continues locally today. Abundant primary magnetite in the complex gives an intense, 5 km wide aeromagnetic anomaly. The deposit formed during two main stages of mineralisation, the first related to early magmatic-hydrothermal activity and the second representing later epithermal overprinting centred on the Roamane fault. Hydrothermal alteration followed closely on emplacement indicating a close genetic relationship between magmatism and mineralisation. Both stages of hydrothermal activity post-date and overprint early propylitic alteration. Several factors have acted in unison or sequentially to concentrate metals at the deposit, including an extensional or trans-tensional tectonic setting within an arc or collisional environment, the exsolution of a magmatic hydrothermal fluid prior to sulphur saturation in the melt, the development of the hydrothermal system into one favourable for transporting gold, the action of late-stage faulting in focusing epithermal fluid flow, and the role of dissolved gases in promoting fluid phase separation and high-grade ore deposition

Jun 19, 1905

By N. A. C. Smith, D. D. Stark

"Sulphur is apparently a normal Constituent of crude petroleum, but in most crudes is present in percentages of less than one-half of one per cent. Some crudes, however, contain more, and occurrences have been reported of heavy asphaltic oils with as much as five per cent of sulphur.Occurrences of Sulpher-bearing CrudesIn North America, the fields rest of the Mississippi River are almost entirely free from sulphur oils, the time oil from Northern Ohio and Indiana, and the Potrolia crude in Ontario, being practically the only ones which contain sulohur in amounts over 0.5. per cent. In the Mid-Continent district the production of high sulphur crude in general is small and unim¬portant. The two main excentions are the Healdton field in Oklahoma and the El Dorado field in Arkansas, both of which produce oils with considerable sulphur content. In the Wyoming field, one sand, the Ember Sandstone, pro¬duces a crude of high sulphur content, and it is probable that this crude rill be of considerable importance as production increases. At present, however, very little crude is produced from this formation. In the Gulf Coast conditions are irregular, some crudes being low in sulphur and others comparatively high. The same is largely true of California. The crudes of Mexico contain notable amounts of sulphur, and as they have been of great commercial importance in this country, a typical sample of light Mexican crude was selected for the present study. It is probable that the results obtained poly also (but to a lesser degree) to other sulphur-bearing oils. An analysis of this crude will be found in Table 3, also analyses of other typical sulphur-bearing crudes from different sections of the United States."

Mar 1, 1924

By G. T. Lineberry

A systematic, comprehensive, balanced approach is presented for underground coal mine design, capable of being standardized and generalized. This approach epitomizes professionalism and must preceed the physical product. Design involves a varied senior staff and requires extensive selective input data. Engineering follows a total systems approach, operating in and for a constricting geologic setting, heavily constrained for safety, health, and environmental protection. It must also anticipate execution and operation. Engineering prominence and momentum are maintained, with sub-optimizations balanced by judgments--the "art and science" of engineering. The flow-chart starts with organized input data: Company Capabilities, Property Description, Geologic Analysis and Reserve Analysis. Engineering combines Ground Control with Excavating and Bulk Handling to map feasible Mining Methods, the crucial Milestone Diagram. Layout and Sequencing follow, with numerous alternatives examined. Scheduling is performed on the best designs, using predicted advance (performance) rates. Active and mined-out areas are isolated into time-related parcels, or increments, for the mine life. Bulk Handling, Life Support (especially ventilation and drainage), and Normal Support systems occupy each parcel. Regulations are then checked. Management concerns are covered, and an Economic Analysis is performed for profitability. This and the design represent an Initial Tentative Solution. Continued iterations produce multiple and improved choices.

Jan 1, 1987